A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data
Hi, I can confirm that if you use Excel 2021 to open an Excel files created with Excel 2016, it will open in compatibility mode, I do it all the time, mostly with .doc 2003 files.
This is an old article: Manage compatibility mode for Office - Office | Microsoft Learn here is a newer one Office Home & Student 2021 files now only working in compatibility mode - Microsoft Q&A Stefan contributes on this forum.
PS: if you click on File>Info>You will see the option to convert